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EUROPE Act

Introduced: March 7, 2022 Introduced by: Curtis, John R. Republican · Utah See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 9, 2022
Referred to the Subcommittee on Energy and Mineral Resources.
Mar 8, 2022
Referred to the Subcommittee on Energy.
Mar 7, 2022
Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Energy and Commerce, and Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mar 7, 2022
Introduced in House
 Plain-English summary Congressional Research Service

Energy Unleashing in Response to the Offenses of Putin against Europeans Act or the EUROPE Act

This bill expedites approvals for natural gas exports to certain countries, imposes sanctions related to Russia, and addresses various energy-related issues.

Under this bill, an application to export natural gas to a country with a mutual defense treaty with the United States must be (1) deemed consistent with the public interest, and (2) granted without modification or delay. Further, the Federal Energy Regulatory Commission must expedite the approval for liquefied natural gas terminals intended for exporting natural gas to one or more of such treaty countries.

The Department of the Interior must immediately resume oil and gas leasing on public land and offshore waters without further review.

The bill also requires the President to, subject to various exceptions and conditions, impose sanctions related to (1) Russia's central bank, and (2) foreign financial institutions that knowingly facilitate transactions with Russia's central bank or other sanctioned Russian financial institutions.

The Export-Import Bank (Ex-Im Bank) must make assistance available to finance exports directly regarding clean energy technology, energy infrastructure, and the production of natural resources, with the goal of using at least 25% of its annual authorizations for such assistance. The Ex-Im Bank must set a goal to maximize the amount financed in certain situations, such as when an international strategic competitor is likely competing against a U.S. exporter for an energy-related contract.

What's happening now March 9, 2022

Referred to the Subcommittee on Energy and Mineral Resources.

 Committees of jurisdiction 6